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Farley said Ford's closest reference point on cost, competition, manufacturing depth and vehicle intellectual property was "really BYD" Tesla CEO Elon Musk replied that demand was not the main problem, writing that the "limiting factor is production output in Shanghai"
Ford CEO Jim Farley named BYD as its main benchmark for cost and manufacturing depth.
KEY POINTS
- Farley stated U.S. EV buyers want vehicles priced closer to $30,000 instead of $50,000.
- Elon Musk claimed Tesla's production output in Shanghai, not demand, limits China sales.
- Benzinga Edge Rankings show Tesla currently lacks a favorable short to medium-term price trend.
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